The RateofChange function in thinkorswim is a powerful tool that helps you identify trends and patterns in your charts. It calculates the difference in price between two points in time, and is often used to spot breakouts and reversals.
This function is especially useful for traders who want to quickly identify when a trend is gaining momentum. By applying the RateofChange function to your charts, you can see at a glance when a stock is accelerating upward or downward.
One key thing to note about the RateofChange function is that it can be applied to any type of chart, including line charts, bar charts, and even Renko charts. This makes it a versatile tool that can be used in a variety of trading scenarios.
Volume Rate of Change Scanners
The Volume Rate of Change can be used in both Scanning the market and Testing Strategies.
It can be used to search the market for stocks using this indicator. The scanner searches the market for stocks using the Volume Rate of Change indicator.
This indicator can be used to test buying and selling rules built around it. The strategy tests buying and selling rules built around the Volume Rate of Change indicator.
Frequently Asked Questions
What is the rate of change crossover?
The Rate of Change Crossover is a technical indicator that detects trend reversals by identifying when the Rate of Change crosses above or below zero, signaling a potential shift from a bearish to a bullish trend or vice versa. This indicator helps traders identify key turning points in the market.
Sources
- https://usethinkscript.com/threads/price-rate-of-change-roc-for-thinkorswim.8549/
- https://tosindicators.com/indicators/rate-of-change
- https://trendspider.com/learning-center/volume-rate-of-change/
- https://optionstradesbydamocles.com/2021/01/29/trend-trading-using-tos-regression-channel/
- https://tosindicators.com/scans/roc
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